Manufacturing News, New South Wales, Regional Manufacturing, Renewable Energy

SunDrive signs MoU with AGL Energy Hub

Following the Federal Government’s $1bn Solar Sunshot announcement, SunDrive has welcomed the support and announced a MOU and offtake agreement for AGL Hunter Energy manufacturing facility.

SunDrive has announced the signing of a Memorandum of Understanding (MoU) with AGL Energy Hubs will establish its first commercial-scale advanced manufacturing facility at AGL Hunter Energy Hub in Muswellbrook.

SunDrive said this facility will produce hundreds of thousands of panels, scaling to millions, and creating hundreds of highly skilled jobs.

As part of the agreement SunDrive and AGL are negotiating a material offtake agreement for the purchase of SunDrive’s high-performing solar modules.

SunDrive’s Co-founder & chief executive officer Vince Allen said, “Establishing a resilient solar supply chain in Australia, the first step of which has been taken today, will help strengthen our energy independence while delivering the economic diversification needed to drive Australia’s energy transformation.”

SunDrive state the offtake agreement will play a vital role in supporting renewable energy investment and they welcome the opportunity to provide Australian made solar panels containing world-leading solar technology to one of Australia’s largest solar distributors and installers.

“SunDrive is proud to be at the forefront of what’s possible, not only in unlocking solar’s full potential with our world-leading, industry-first direct copper-plating solar technology, but at demonstrating the immense potential of solar manufacturing in Australia,” said Vince.

On the announcement, Prime Minister Anthony Albanese said, “These panels, this technology that SunDrive has developed, is the most efficient in the world. Why wouldn’t you take that opportunity and pair it with AGL’s vision that they have.”

AGL managing director and chief executive officer Damien Nicks, said “Our vision for the Hunter Energy Hub is to create an integrated hub that brings together industries that can make a positive contribution to the energy transition, including renewable energy generation, grid-scale batteries, green advanced manufacturing, and associated industries.”

Minister Houssos congratulated SunDrive on the announcement and said “This is the kind of economic diversification we want to see as we build towards a clean energy future, fostering those local manufacturing opportunities right here in the Hunter.”

SunDrive’s final investment decision will be subject to validating financial and technical feasibility of the AGL Hunter Energy Hub site and securing sufficient Australian Government support to establish a large-scale facility.

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